Spatial spillovers of economic growth and public spending in Mexico: Evidence from a SpVAR model, 1999–2019

Andrés-Rosales, Roldán; Romero, Luís Quintana; Jesús-Almonte, Leobardo de; Río‐Rama, María de la Cruz del

doi:10.1016/j.eap.2021.07.004

Cited by 9 publications

(4 citation statements)

References 24 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The SpVARX model with spatial lag 1, autoregressive lag length p, and exogenous variable lag length q can be written as SpVARX (1,p,q). The form of SpVARX (1,p,q) for N areas, K endogenous variables, and one exogenous variable is as follows (Ramajo et al, 2017;Andrés-Rosales et al, 2021):…”

Section: Spvarxmentioning

confidence: 99%

“…Spatial Vector Autoregressive (SpVAR) is a model that can overcome the shortcomings of ARIMA, ARIMAX, VAR, and VARX models that cannot capture inter-regional linkages. SpVAR can accommodate connections between regions for multiple endogenous variables (Ramajo et al, 2017;Andrés-Rosales et al, 2021 ). SpVAR evolved into the SpVAR with calendar variations to capture exogenous variables in seasonal patterns with varying periods.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Data forecasting performance evaluation of threshold spatial vector autoregressive with exogenous variables

Sohibien,

Setiawan,

Prastyo

2024

10.5267/j.ijdns

View full text Add to dashboard Cite

One time series model developed to predict economic data is Spatial Vector Autoregressive with Exogenous Variables (SpVARX). This model can accommodate simultaneously the interrelationships between variables, the impact of exogenous variables, and Inter-regional linkages. However, this model has not adjusted the nonlinearity relationships between variables. The relationship between economic variables is usually not linear. Therefore, we introduce the Threshold Spatial Vector Autoregressive with exogenous variables (TSpVARX). This paper assesses the forecasting performance of TSpVARX and compares it with SpVARX models. We conducted a simulation study by generating 100 times the simulation data with twelve scenarios. We found that the forecasting performance of the TSpVARX model is better than SpVARX when there is a nonlinear relationship between variables. In addition, we find that the forecasting performance of TSpVARX models will improve as the sample size increases.

show abstract

Section: Spvarxmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Data forecasting performance evaluation of threshold spatial vector autoregressive with exogenous variables

Sohibien,

Setiawan,

Prastyo

2024

10.5267/j.ijdns

View full text Add to dashboard Cite

show abstract

“…Economic growth in the countries of the Western Balkans, including Croatia, is a matter of constant discussion among theorists and experts from the fields of macroeconomics and political making. Some authors or researchers share the opinion that Romero, De Jesús-Almonte, & Del Río, 2021). The good functioning of legal-public organizations that realize public goods in an effective and efficient way achieves the realization of economic and social objectives in the public interest by increasing the reliability of public money.…”

Section: Introductionmentioning

confidence: 99%

Public spending and economic growth: Evidence from the Western Balkans

Mustafa,

Abdullahu

2024

IJAEFA

View full text Add to dashboard Cite

The objective of this study is to examine the relationship between public expenditures, foreign investments, and the growth of the Gross Domestic Product (GDP) for the years 2002-2021 in the countries of the Western Balkans (BB6) and Croatia. The analysis includes data on $2.8 trillion of GDP, $668 billion of public expenditures, and $160 billion of FDI for these states. The methodology used in this study is based on a detailed examination of public expenditures and their impact on the Gross Domestic Product. This article investigates two hypotheses, thoroughly assessing their impact on GDP growth. Through the use of the Ordinary Least Squares (OLS) econometric model, concrete results with over 95% reliability have been obtained. The variables are determined based on multiple regressions for the findings we will obtain based on econometric calculations using the fixed effects, standard deviation, mean, and linear regression models. The findings of this study relate directly to the stated aims and objectives of the publication. The results presented in the study are an essential component of the study's conclusions. We found that some independent factors have a uniform impact on GDP growth, while others have a significant impact on real growth. Also, our findings confirm economic theories that argue that an increase in government spending leads to an increase in GDP. The data show that public investment in the Western Balkans has historically been overlooked, a gap in the literature that our research attempts to fill.

show abstract

“…Es por ello que, entender cómo se relaciona la misma con el crecimiento de un país resulta relevante en el contexto ecuatoriano, como también resulta interesante analizar el gasto corriente del gobierno, ya que según Combes et al, (2021) este monto es bastante significativo en el gasto total público. A priori, se entendería que el gasto corriente no tiene una participación relevante en la economía, y aumentar este gasto, en desmedro del gasto en formación bruta de capital fijo afectaría significativamente al crecimiento económico (Bazán et al, 2022) Andrés- Rosales et al, (2021) y Divino et al, (2020) mencionan que una participación alta del gasto corriente en el gasto público es característico de los bajos dinamismos económicos en los países en vías de desarrollo. En lo que respecta al gasto en formación bruta de capital fijo de parte del gobierno, es una alternativa cuando la inversión privada es insuficiente (Dinh et al, 2020).…”

Section: Introductionunclassified

Un análisis del Gasto Público y el Crecimiento Económico para Ecuador período 2000-2022

Gómez-Bermeo,

Sarmiento Moscoso

2023

Pensamiento Crítico

View full text Add to dashboard Cite

El presente artículo analiza la relación entre el gasto del gobierno y el crecimiento económico ecuatoriano desde el primer trimestre del 2000 y el cuarto trimestre del 2022. El objetivo de este estudio es comprobar dos teorías contrapuestas. Por un lado, la Ley de Wagner (1890) que defiende la idea de que las variaciones del gasto público son provocadas por el crecimiento económico. Y, por otro lado, la hipótesis Keynesiana (1937) que postula que el crecimiento económico es producto del gasto del gobierno. Con este objetivo se considera el gasto total, así como los distintos tipos de gasto, para lo cual se realizan algunos test, entre ellos, el análisis de cointegración aplicando la metodología de Engle y Granger, el test de Zivot-Andrews, la metodología de Johansen, entre otros. Los principales resultados, evidencian que, la hipótesis keynesiana no se cumple entre los años 2000 y 2020 y la ley de Wagner se cumple si se considera al gasto del gobierno total, así como cuando se considera únicamente el gasto corriente del gobierno ecuatoriano.

show abstract

Spatial spillovers of economic growth and public spending in Mexico: Evidence from a SpVAR model, 1999–2019

Cited by 9 publications

References 24 publications

Data forecasting performance evaluation of threshold spatial vector autoregressive with exogenous variables

Data forecasting performance evaluation of threshold spatial vector autoregressive with exogenous variables

Public spending and economic growth: Evidence from the Western Balkans

Un análisis del Gasto Público y el Crecimiento Económico para Ecuador período 2000-2022

Contact Info

Product

Resources

About